Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say​​​​​​​​​​​​​​​​


FILE PHOTO: Cerebras Systems logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

May 10 (Reuters) - Cerebras Systems ⁠is set to raise the size and price of its initial public offering as soon as ⁠Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar ‌with the matter told Reuters on Sunday.

The company is considering a new IPO price range of $150-$160 a share, up from $115-$125 a share, and raising the number of shares marketed to 30 million from 28 million, said the sources, who asked not to be identified ​because the information isn't public yet.

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